Beacon Roofing Supply Inc. (NASDAQ: BECN) has adopted a limited duration stockholder rights agreement designed to protect stockholder interests against the unsolicited takeover bid from QXO Inc. (NYSE: QXO). “The Rights Agreement is intended to protect Beacon and its...
A former executive with a now-defunct New Jersey-based real estate investment firm was indicted for his role in an investment fraud scheme and for misappropriating approximately $2.3 million from investors. Ivel Turner, who was vice president of project management for...
The San Diego-headquartered home equity-focused fintech Splitero announced its expansion into five states: Florida, Nevada, Ohio, Pennsylvania, and South Carolina. Splitero Home Equity Investments (HEIs) is designed to allow homeowners to use their home equity to...
The home improvement retailer Lowe’s Companies Inc. (NYSE: LOW) is accepting project nominations for Lowe’s Hometowns, a five-year, $100 million commitment to community revitalization. According to the Mooresville, North Carolina-based company, $10 million...
The commercial real estate brokerage Marcus & Millichap (NYSE: MMI) has hired Evan Wayne as chief information officer (CIO). In his new job, Wayne will spearhead the execution of all technology initiatives that impact the company’s clients, brokers, capital...
A new report is warning that Vermont needs to create 7,000 new homes each year for the next 25 years to keep up with the demand for housing, for a total goal of 172,000 new units by 2050. “We have got to pick up the pace,” said Commissioner Alex Farrell of...
Hits and Misses for the Real Estate Week of April 27-May 1
